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authorAaron Voisine <voisine@gmail.com>2015-06-27 12:55:27 -0700
committerbitcoindev <bitcoindev@gnusha.org>2015-06-27 19:55:29 +0000
commitfbab89829fb2fb3786f08b2899bbebd13c305fe9 (patch)
tree5f2cff230df15da9b4a1707d2b775e957dc1ce23
parent120af0292b4296709ec7a22415d8819fc000b859 (diff)
downloadpi-bitcoindev-fbab89829fb2fb3786f08b2899bbebd13c305fe9.tar.gz
pi-bitcoindev-fbab89829fb2fb3786f08b2899bbebd13c305fe9.zip
Re: [bitcoin-dev] The need for larger blocks
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+Date: Sat, 27 Jun 2015 12:55:27 -0700
+Message-ID: <CACq0ZD5WV-J1H7QA0F2wnErXVFJ3MSxWtQidPhVwaxauoHQz_A@mail.gmail.com>
+From: Aaron Voisine <voisine@gmail.com>
+To: venzen@mail.bihthai.net
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+Subject: Re: [bitcoin-dev] The need for larger blocks
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+--001a1147eb8cfae0ae0519853cb8
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+On Sat, Jun 27, 2015 at 3:19 AM, Venzen Khaosan <venzen@mail.bihthai.net>
+wrote:
+
+>
+> That is a false assumption. Given the increased adoption of Bitcoin by
+> users and businesses during the past year, does the price chart
+> reflect greater value or price? Of course not, the price chart is at
+> terminal lows. Fact not fiction.
+>
+
+You're not taking speculative cycles into account. For most of 2013 the
+price was in the $100 range. Adoption as a store-of-value is what
+determines the price over the long term, as with any monetary commodity.
+
+--001a1147eb8cfae0ae0519853cb8
+Content-Type: text/html; charset=UTF-8
+Content-Transfer-Encoding: quoted-printable
+
+<div dir=3D"ltr">On Sat, Jun 27, 2015 at 3:19 AM, Venzen Khaosan <span dir=
+=3D"ltr">&lt;<a href=3D"mailto:venzen@mail.bihthai.net" target=3D"_blank">v=
+enzen@mail.bihthai.net</a>&gt;</span> wrote:<br><div class=3D"gmail_extra">=
+<div class=3D"gmail_quote"><blockquote class=3D"gmail_quote" style=3D"margi=
+n:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><br>
+That is a false assumption. Given the increased adoption of Bitcoin by<br>
+users and businesses during the past year, does the price chart<br>
+reflect greater value or price? Of course not, the price chart is at<br>
+terminal lows. Fact not fiction.<br></blockquote><div><br></div><div>You&#3=
+9;re not taking speculative cycles into account. For most of 2013 the price=
+ was in the $100 range. Adoption as a store-of-value is what determines the=
+ price over the long term, as with any monetary commodity.</div></div></div=
+></div>
+
+--001a1147eb8cfae0ae0519853cb8--
+